Sky Quarry Announces Release of New CEO Interview Highlighting Nevada Refinery Restart, Growth Strategy and Path to Increased Production
The required Nevada air permit has been received, while Utah operations are advancing toward commercialization.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Sky Quarry (NASDAQ: SKYQ) released a CEO interview outlining its Nevada refinery restart and plans to increase production through 2027. The Eagle Springs refinery resumed operations after facility improvements and receipt of the required Nevada air permit.
CEO Marcus Laun outlined plans to ramp Nevada production while advancing the Utah extraction facility toward commercialization, with the objective of having both facilities contribute to revenue. The company expects its Utah oil sands lease to contain the equivalent of approximately 180 million barrels of oil. A recently hired refinery manager will lead Nevada operations, allowing the team to focus on business development and growth opportunities in Utah.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Major pointEagle Springs refinery restarted following completion of facility improvements.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Production ramp through 2027 is expected as Sky Quarry advances Nevada and Utah operations.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Approximately 180 million barrels of oil equivalent are expected in the company's Utah oil sands lease.
- Minor pointRequired Nevada air permit received, completing the refinery's permitting process.
- Minor point. Forward-looking: it has not happened yet and may not happen.Both facilities contributing to revenue is the company's objective as Utah advances toward commercialization.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
New interview highlights refinery restart, strong refining market fundamentals, and plans to bring both Nevada and Utah assets into full operation
WOODS CROSS, Utah, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (NASDAQ: SKYQ) ("Sky Quarry" or the "Company"), an energy infrastructure company focused on domestic refining and resource development, today announced the release of a new interview featuring Marcus Laun, Chief Executive Officer of Sky Quarry, hosted by Stuart Smith of SmallCapVoice.com.
During the interview, Laun discussed the Company's recent achievement in restarting operations at the Eagle Springs facility, Nevada's only crude oil refinery, along with key milestones, growth initiatives and operational plans for 2027.
The full interview is available at: https://youtu.be/Z_E9MExplnY
"We are in the final stages of a turnaround," said Marcus Laun, Chief Executive Officer of Sky Quarry. "We now have working capital, an operating refinery and a clear strategy for growth. With our Nevada refinery returning to production and our Utah operations advancing toward commercialization, we believe Sky Quarry is positioned to create meaningful value for shareholders while supporting energy production in the western United States."
A major focus of the discussion was the recent restart of the Eagle Springs refinery following the successful completion of facility improvements and receipt of the required air permit from Nevada regulators.
"It took us some time to secure the permit, but we're excited that process is complete and we're good to go on the refinery," said Laun. "This is an attractive time to be operating in the refining business, particularly in the western United States where refining capacity has been reduced. We believe our Nevada operations can play an important role in helping supply regional fuel markets."
Laun also highlighted the Company's Utah assets, including its oil sands lease and extraction facility, which together represent a significant future production opportunity.
"Our Utah asset sits on an oil sands lease expected to contain the equivalent of approximately 180 million barrels of oil," Laun stated. "As the United States continues to evaluate domestic energy resources, we believe Utah's oil sands will become an increasingly important component of the energy landscape."
Looking ahead, Laun outlined plans to ramp production at the Nevada refinery while advancing operations at the Company's Utah facility.
"Investors should expect a continued ramp in production through 2027," said Laun. "We recently hired a highly experienced refinery manager to lead Nevada operations, allowing our team to focus on business development and growth opportunities in Utah. Our objective is to have both facilities contributing meaningfully to revenue generation as we execute on our long-term strategy."
Laun also emphasized the favorable market environment for refining operations.
"The western United States continues to face refining capacity constraints, while global diesel supply remains challenged," he said. "Current market conditions have resulted in strong refinery operating margins, and we believe those dynamics create a compelling opportunity for Sky Quarry as we scale operations."
About Sky Quarry Inc.
Sky Quarry Inc. is an energy infrastructure company focused on domestic refining and resource development. Through its wholly owned subsidiary, Foreland Refining Corporation, the Company operates the Eagle Springs Refinery near Ely, Nevada, which produces diesel, vacuum gas oil, naphtha and liquid paving asphalt. Sky Quarry is also developing its PR Spring facility in Utah to recover hydrocarbons and other marketable materials from waste asphalt shingles and oil-bearing resources. For more information, visit Sky Quarry's corporate website at https://skyquarry.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as "expect," "anticipate," "believe," "intend," "plan," "will," "may," "should," "estimate," "potential," "project," "continue," and similar expressions, or the negative of such terms. These forward-looking statements include, but are not limited to, statements regarding the refinery's operating ramp-up, the availability of crude oil feedstock, the Company's ability to sustain operations, nameplate capacity, regional refining capacity and market demand, and potential Nevada oil development and PR Spring opportunities. These forward-looking statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties, and assumptions that could cause actual results to differ materially from those described in or implied by the forward-looking statements. Such risks and uncertainties include, but are not limited to: risks related to the Company's ability to ramp up and sustain refinery operations; fluctuations in crude oil prices, refined product prices, and refining margins; the Company's ability to obtain adequate supplies of crude oil feedstock at competitive prices; regional competition from other refineries and fuel suppliers; changes in demand for refined products in the Western United States; the Company's ability to attract and retain customers; risks associated with the operation of refining facilities, including equipment failures, unplanned downtime, and regulatory compliance requirements; the Company's ability to manage costs and maintain operational efficiency; the availability and cost of labor, equipment, and materials; changes in environmental, health, safety, or other regulations affecting the refining industry; the Company's ability to maintain adequate liquidity and working capital to support operations; general economic conditions, including inflation, interest rates, and recessionary pressures; and other factors described in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The forward-looking statements contained in this press release are made as of the date hereof, and except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements.
Investor Relations Contact
Sky Quarry Inc. Email: ir@skyquarry.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d63932ff-b74c-458d-9332-b802471fd526
A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a84c34a5-c0d1-4966-8549-06d1a6bad5df
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Has Sky Quarry restarted its Eagle Springs refinery in Nevada?
Eagle Springs has resumed operations after facility improvements were completed and the required air permit was received from Nevada regulators.
What are Sky Quarry's production plans through 2027?
Sky Quarry expects a continued production ramp through 2027 while advancing its Utah facility toward commercialization. The company's objective is for both the Nevada and Utah facilities to contribute to revenue generation.